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Immaculate Medical Office Building

1175 S Perry St, Castle Rock, CO 80104

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For Sale

$5,675,000

Well-maintained medical office building in desirable Castle Rock location.

Type:Office

Property size:

20,674 SF

Price / SF:

$274/SF

HighLights

Excellent location in high net worth Castle Rock with easy I‑25 access.
Two immaculately maintained medical office buildings offered as a portfolio.
Option to purchase 1175 S Perry St individually.
Backs to green space and hiking trails, offering a serene environment.
Low office inventory/competition, especially for medical offices.
Flexible tenancy with a range of large, stable tenants and smaller suites.

We can help!

Contact an agent

Corey Sandberg

For Sale

$5,675,000

Well-maintained medical office building in desirable Castle Rock location.

Type:Office

Property size:

20,674 SF

Price / SF:

$274/SF

Added:: Jan 27, 2026
Days on Market:: 160
Last Refresh:: Apr 5 at 11:43 pm

Property Features for 1175 S Perry St

General Information

Standard status: Active
Size: 20,674 SF
Property subtype: Office

We can help!

Contact an agent

Corey Sandberg

Listing office Pinnacle Real Estate Advisors

Listing date Jan 27, 2026

Source Pinnaclerea

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Real Estate Advisors

HighLights

Excellent location in high net worth Castle Rock with easy I‑25 access.
Two immaculately maintained medical office buildings offered as a portfolio.
Option to purchase 1175 S Perry St individually.
Backs to green space and hiking trails, offering a serene environment.
Low office inventory/competition, especially for medical offices.
Flexible tenancy with a range of large, stable tenants and smaller suites.

Overview

Elk Crossing features an immaculately maintained medical office building at 1175 S Perry St (Building B) in Castle Rock. The sellers, who built this campus, have self-managed it, maintaining high operational standards and keeping the property in excellent condition. The building boasts an excellent and coveted location in high net worth Castle Rock. This serene campus backs to green space and hiking trails while enjoying easy access to I-25 via the Plum Creek exit. Outside of the neighboring synergistic medical office buildings, this community of Castle Rock offers low office inventory, especially medical offices. The tenancy of the building provides flexibility for a large-scale investor, with a range from large, stable tenants to smaller flexible suites. The property contains 20674 square feet and may be sold individually.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$578.0k	$27.96
− Vacancy	−$97.7k	−$4.73
EGI	$480.4k	$23.23
− OpEx	−$120.1k	−$5.81
NOI	$360.3k	$17.43

20,674 SF · lease $27.96/SF/yr · vacancy 16.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$5.15M

$4.50M – $6.00M (±1% cap)

NOI $360,267 @ 7.0% cap · market cap 6.35%

Second Best

Healthcare Medical

$4.24M

$3.71M – $4.95M (±1% cap)

NOI $296,702 @ 7.0% cap · market cap 5.23%

Theoretical Best

Office A

$7.10M

$6.21M – $8.28M (±1% cap)

NOI $497,079 @ 7.0% cap · market cap 8.76%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Elk crossing business ... Business Service Center Dr. Hanna M. ... Physician Dr. Peter G. ... Physician Dr. James M. ... Physician Dr. Brendan F. ... Physician

Suggested Use

Similar Places Nearby

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Veterinarian: Jasmine Tom, DVM — 101 Briscoe St, Castle Rock, CO 80104
Pet Vet — 959 S Plum Creek Blvd, Castle Rock, CO 80104
Veterinarian: Albert Chai, DVM — 101 Briscoe St, Castle Rock, CO 80104

Location Insight

Map
Local Demand

City: Castle Rock
County: Douglas
State: Colorado
Longitude: -104.862
Latitude: 39.3594

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Immaculately Maintained Medical Office Building

Excellent location in Castle Rock, well-maintained medical office building.

1161 S Perry St, Castle Rock, CO 80104

View Details

For sale
Medical Office Space
CO
Castle Rock
80104
1175 S Perry St

What type of property is this?

Medical Office Space - Well-maintained medical office building in desirable Castle Rock location.

Where is this medical office space located?

The property is located at 1175 S Perry St Castle Rock, CO.

What is the asking price?

The asking price for this property is $5,675,000.

What are key features of this property?

This property features: Excellent location in high net worth Castle Rock with easy I‑25 access.; Two immaculately maintained medical office buildings offered as a portfolio.; Option to purchase 1175 S Perry St individually.

1175 S Perry St, Castle Rock, CO 80104

Well-maintained medical office building in desirable Castle Rock location.

Property Features for 1175 S Perry St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Downtown Castle Rock Live-Work Opportunity

Castle Rock Industrial Condo Opportunity

Paint Booth Industrial Facility

Mediterranean Estate with Mountain Views

High-Visibility Castle Rock Commercial Property

High-Visibility Castle Rock Commercial Property

Luxury Garage Condo with Loft

Office Condo with Long-Term Tenant

Unique Douglas County Acreage

Versatile Garage Condo in Castle Rock

Prime Location with I-25 Exposure

Immaculately Maintained Medical Office Building

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